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Actionable news in GS: GOLDMAN SACHS GROUP Inc,

Goldman Sachs hits 8-year high as bank-friendly Trump administration appears to take shape

Goldman Sachs shares hit an eight-year high and finished with their best month since January 2012 on Wednesday, as a more bank-friendly Donald Trump administration continued to take shape.

The stock finished the day up 3.6 percent, closing at $219.29. Deutsche Bank upgraded Goldman to buy from hold, saying it seems well-positioned for a stronger macro environment given "revenue upside, good cost control and a valuation below peers."

In its note Wednesday, Deutsche said it is assuming much stronger GDP growth and...


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